View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
May 6, 2020updated 19 Jun 2020 3:46am

PPRO enters Japanese market with Konbini and Pay-easy integration

By Evie Rusman

Payments platform PPRO has entered the Japanese e-commerce market after adding popular payment methods Konbini and Pay-easy to its portfolio.

Free Report
img

What does the future hold for BNPL market?

The global Buy Now Pay Later (BNPL) market is estimated at a massive $120 million in 2021 – representing just less than 3% of the global ecommerce market. Yet the user-base is massive, with leading provider, Klarna, alone reportedly having 87 million users in 2021. This market is only expected to grow, with established companies like Apple and Goldman Sachs moving into the BNPL sector in bids to capitalize on this trend. To help you make the most of this growing market, GlobalData’s Buy Now Pay Later in 2022 and Beyond report provides detailed insight into the BNPL sector. This report:
  • Discusses the disruptive potential of the BNPL sector on the payments industry
  • Identifies the leading companies that are driving sector growth and the benefits this new payments solution provides to both merchants and consumers
  • Analyzes the consumer’s risk of using BNPL loans and government attempts at introducing regulations to the sector
  • Uncovers the main risks that consumers expose themselves to when borrowing with BNPL
Download this free report to get to know where this developing market is headed, and how you can reshape your strategies.
by GlobalData
Enter your details here to receive your free Report.

The move by PPRO marks the company’s commitment to further expand in the APAC region. To date, PPRO’s platform has 150 payment methods, including established APAC players such as Alipay, WeChat Pay, UnionPay and GrabPay.

Kelvin Phua, Global Head of Payment Networks at PPRO, said: “Our expansion into the Japanese market marks the next milestone of PPRO’s growth in the APAC region. It also outlines our commitment to remove some of the complexities associated with local payments for our global partners.

“Payment service providers and merchants who are eyeing Japan – or any new cross-border market, for that matter – need to consider some of the specifics unique to that market’s payment preferences.”

Through PPRO’s integration with Konbini, customers can shop online and pay cash in-store at over 50,000 convenience stores across the country. These include 7-Eleven, Lawson, FamilyMart, Ministop, Seicomart and Daily Yamazaki.

In addition, Konbini allows consumers who are unable or unwilling to use cards to pay for their online purchases.

Pay-easy enables consumers to pay offline with cash and cash cards at ATMs and post offices. Customers can also pay online using bank transfers.

“Untapped pool of shoppers”

Pre-Covid-19, the Japanese payment market boasted a growth of 9%, showing potential for merchants is likely to increase. PPRO argues that payment methods Konbini and Pay-easy will play a crucial role in boosting sales.

Phua added: “With only 6% of Japanese consumers shopping cross border, there is currently a huge untapped pool of shoppers who are yet to participate fully in the global e-commerce market.

“With the integration of Konbini and Pay-easy, we’re proud to introduce more e-commerce options for consumers in Japan. This will help propel the continued growth of Japanese e-commerce.”

Last month, PPRO research revealed that retailers risk losing customers if they do not offer preferred payment methods. The report showed that over half of UK respondents (58%) would stop a purchase if the checkout process was complicated.

 

 

Free Report
img

What does the future hold for BNPL market?

The global Buy Now Pay Later (BNPL) market is estimated at a massive $120 million in 2021 – representing just less than 3% of the global ecommerce market. Yet the user-base is massive, with leading provider, Klarna, alone reportedly having 87 million users in 2021. This market is only expected to grow, with established companies like Apple and Goldman Sachs moving into the BNPL sector in bids to capitalize on this trend. To help you make the most of this growing market, GlobalData’s Buy Now Pay Later in 2022 and Beyond report provides detailed insight into the BNPL sector. This report:
  • Discusses the disruptive potential of the BNPL sector on the payments industry
  • Identifies the leading companies that are driving sector growth and the benefits this new payments solution provides to both merchants and consumers
  • Analyzes the consumer’s risk of using BNPL loans and government attempts at introducing regulations to the sector
  • Uncovers the main risks that consumers expose themselves to when borrowing with BNPL
Download this free report to get to know where this developing market is headed, and how you can reshape your strategies.
by GlobalData
Enter your details here to receive your free Report.

Topics in this article:
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Electronic Payments International